US President George W Bush’s whirlwind tour of Europe – Belgium, Germany and Slovakia – between February 21 and 24, can be seen as an attempt to bridge the transatlantic divide and iron out differences, so as to make a fresh start to working with the European allies rather than against them. The transatlantic rift had surfaced in 2003 when the Europeans disagreed with America’s unilateralist approach in Iraq.
Overfed Europe, Underpaid Russia: Beginning of a New Energy Cold War?
Russia is on the move to become an energy superpower by spreading its influence deep into Western and Eastern energy markets. Possessing the largest reserve of natural gas in the world, Russia's domestic and foreign policies have now come to be largely determined by the energy factor. Apart from the already existing market in the West, Moscow's plan to explore Asian markets was welcomed by the major energy consuming countries such as China, Japan, and the Koreas in the East Asian region.